As the demand for land rises
A) rents rise and more marginal land comes into use.
B) rents fall and more marginal land comes into use.
C) rents rise and more land becomes marginal.
D) rents fall and more land becomes marginal.
Correct Answer:
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Q14: Increases in rent are generally due to
A)rises
Q15: Which statement is true?
A)As rents rise more
Q16: Which statement is true?
A)The supply of loanable
Q17: A change in rent will be brought
Q18: Which statement is true?
A)Stores charge high prices
Q20: Profits are
A)less than 10% of national income.
B)a
Q21: Economic rents
A)accrue only to land.
B)accrue only to
Q22: Changes in rent on a plot of
Q23: The marginal revenue product schedule for land
Q24: Which of the following in NOT a
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